Us 301 & Tpke Wildwood, FL 34785
- Land
- 25.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Us 301 & Tpke
- Lot size
- 25.00 lot acres
- Property type
- Land
Description
This exceptional ±31.6-acre parcel, strategically located at the intersection of US 301 and Florida's Turnpike in Wildwood, Florida (zip code 34785), presents a unique investment opportunity. The property boasts dual zoning designations: R3 and CMU, allowing for diverse development options. The R3 zoning, encompassing approximately 31.6 acres, permits a high-density residential development with the potential for over 550 apartment units (9 units per acre). Separately, approximately 25 acres are zoned CMU, offering additional flexibility for high-density residential development (15 units per acre). Both parcels can be purchased together or individually. This prime location benefits from exceptional visibility and accessibility, situated at Exit 304 of the Florida Turnpike, with a daily traffic volume exceeding 45,000 vehicles. The property's proximity to The Villages, the world's largest retirement community (60,000 households, 115,000 residents), and the planned expansion of Southern Oaks (25,000 homes and 2.5 million square feet of commercial space), ensures strong demand and significant future growth potential. The City of Wildwood currently experiences an undersupply of rental housing, making this a compelling opportunity to address a critical market need. This is an ideal location for a developer seeking to capitalize on the robust growth and high demand in this rapidly expanding area of Florida.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wildwood
- County
- Sumter
- State
- Florida
- Longitude
- -82.0454
- Latitude
- 28.8509
